Filing Flows › Oil States International (OIS) › Q2 2025
Oil States International (OIS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Oil States International (OIS) reported revenue of $165M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +3% from the quarter before. Operating margin was 3.2%, net earnings $2.8M (1.7% of revenue).
Oil States International, Q2 2025: revenue $165M (-11% year over year), operating margin 3.2%, net earnings $2.8M, operating cash flow $15.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $165M | +3% | -11% |
| Operating profit | $5.3M | -6% | +158% |
| Net earnings | $2.8M | -11% | +116% |
| Operating cash flow | $15.0M | +61% | +46% |
| Free cash flow | $4.7M | 34× | +5% |
What changed
Revenue was $165.4M in Q2 2025, down 11% year over year and up 3% from the previous quarter. Offshore Manufactured Products was the largest line at 64% of revenue. Completion and Production Services lost $17.0M year over year (down 37%), 81% of the total change.
Operating profit was $5.3M, a 3.2% margin (up 2.1 points year over year). Total costs fell 13% while revenue fell 11%. Net earnings were $2.8M, up 116% year over year. The effective tax rate was 33.4%.
Operating cash flow was $15.0M (up 46% year over year), 533% of net earnings. Non-cash charges added back $11.9M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $10.3M left free cash flow of $4.7M.
Questions
What was Oil States International's revenue in the second quarter 2025?
Oil States International (OIS) reported revenue of $165M for the second quarter 2025 (Q2 2025), -11% from a year earlier and +3% from the quarter before.
Was Oil States International profitable in the second quarter 2025?
Operating profit was $5.3M (3.2% of revenue) and net earnings $2.8M.